With annual prime rent of $264.27 per sq ft, Hong Kong (Central) is the world’s most expensive office market. CBRE has taken only prime rents and not total occupancy cost, so the rankings are not comparable with the report released in June 2016. The study highlights that focus is firmly on growth with prime rents rising in 62 markets, stable in 32 markets and decreasing in 27. Rents have increased on average by 2.3 per cent globally.
